Insurance claims for crop damage due to hail in Montana exceeded $14 million in 2013.
The Montana Department of Agriculture told the Great Falls Tribune that’s the most expensive year in the 98-year-history of the state’s crop-hail insurance program.
The agency’s hail board on Friday as a result announced that the state’s hail insurance program will not offer refunds this year.
Montana Department of Agriculture Director Ron de Yong says the hail board voted not to offer refunds so it could keep the program viable.
Board Chairman Gary Gollehon says 2013 might have been a once-in-a-lifetime year, but the crop-hail insurance program has to be prepared if another bad year happens.
Topics Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
Coca-Cola Suspends Fairlife Operations After Cyberattack 
Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves 
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls 
Rhine Rises After Rain, but Low Levels Continue to Hinder Shipping 
